NYSE to Suspend, Apply to Delist St. Paul Preferreds

Trading in preferred securities of St. Paul Capital will be immediately suspended according to the New York Stock Exchange because too few are publicly held after St. Paul Cos. to converted the securities into common stock. The exchange also plans to make application to delist the issue. St. Paul converted 99.7 percent of its 6 percent convertible monthly income preferred securities Tuesday into its common stock.